How should foreign exchange beginners do ultra-short-term trading?
1. Do not have any subjective or artificial sense of direction before placing an order. For each entry into the market, a stop loss point or stop loss condition must be set "in advance". Don't care about profit and loss or price when entering and exiting the market. Do "ultra-short" and only choose the "hottest variety" that has the largest trading volume in recent days, has an increasing position, leads the rally or leads the decline in the decline. Varieties without large trading volume will not be watched or done.
2. To do "ultra-short", only look at the real-time chart, 1 or 3-minute chart, the buyer and seller's listing price, transaction volume and order-buying situation (without looking at any other technical indicators, and without considering the price level).
3. The moving average parameters of the real-time chart are: the moving average parameters of the 1 or 3-minute chart are 5 or 55, 113, and the volume lines are 5, 34. In addition, it can be adjusted appropriately according to different varieties.
4. Look at the real-time chart and grasp the current trend of the day:
(1) When the average price line (yellow) is tilted upward, and the price line (white) is above the average price line, and the wave is higher than the wave, it indicates that the current is a rally, and we will focus on going long (only when the price line is too far away from the average price line can we consider going short, or give up the opportunity to go short in the rally).
(2) When the average price line slopes downward, the price line is below the average price line, and the wave is lower than the wave, indicating that the current is a decline, and we will focus on short selling (only when the price line is too far away from the average price line, can we consider going short, or give up the opportunity to go long in a decline).
(3) When the average price line is moving horizontally, the price line crosses back and forth up and down the average price line, indicating that the current is a consolidation or oscillation trend, not entering the market, or doing both long and short.
(4) When you see the average price line on the price line, go long (or go long); when you go down the average price line, go short (or go short). At the moment of "crossing", it is best to have a 1 or 3-minute chart, the order situation and the transaction volume.
5. For the specific entry and exit points, see the 1 or 3-minute chart and the eating order situation:
(1) When the instant chart is "rising", be patient and wait for 1 or 3 minutes for the chart to appear "The previous one is a yin K line, turn to the next one just becomes a yang K line" or "At the same time as the yin turns to yang, when the 3 moving average turns up", decisively enter the market and go long. At this time, the seller's pending orders are constantly actively eaten by the buy order, and even if there is a downward sell order, it is not large or sustainable.
(2) When the real-time chart is "down", (going short down is the opposite of going long, and I won't talk about it here).
(3) Pingduo, if you enter the market when the first 3-minute Yin K turns Yang K, as soon as you make multiple orders, you will immediately be ready to position squaring orders. The timing of position squaring is: as long as it is favorable, or the rise of the Yang K line is smaller than one, or the upper shadow is long, or there are already two consecutive Yang K lines for more than 3 minutes, or the pending orders sold above suddenly increase, or there are large selling orders to eat orders down, while the order is constantly decreasing, or the 3-minute K line just has the first Yang to turn Yin, or Yang to turn Yin and turn down the 3 moving average. At this time, it should be decisive and flat.
(4) Empty (as opposed to flat).
(5) When the real-time chart is "oscillating potential", as long as the yin turns to yang on the 3-minute chart, the 3-moving average turns up to do more; if the yang turns to yin, the 3-moving average turns down to short.
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Disclaimer: The content of this article does not represent the views of the Institute of Foreign Exchange. The content is for reference only and does not constitute investment advice. Investors operate accordingly at their own risk.
